-
What does the bank of England do?
The Bank of England is the central bank of the United Kingdom and has a similar role to that of the Federal Reserve in the US and the ECB in the Eurozone. It's main task is financial stability but it...
-
Why do banks bank?
because if they dont bank they dont get money, and there will be no banks
-
Does the Bank of England own the Royal Bank of Scotland?
No the Bank of England does not own any part of RBS. Before the banking collapse RBS was owned by various organisations and individual shareholders. Since then RBS has been given money from the UK...
-
What banks acts as a bank for other banks?
It varies from country to country. Every country has a central bank that is the bank for other banks in the country. Ex: Federal reserve system - USA Reserve Bank - India etc
-
What is the thickness of a Bank of England coin?
The Bank of England is not in the coin making business, they produce banknotes, amongst other things.The Royal Mint produces coins and the thickness of any given coin will depend on the denomination...